SAN FRANCISCO, Sept. 18, 2019 /PRNewswire/ -- SuiteConnect
-- To help organizations across industries unlock growth and
take their business to the next level, Oracle NetSuite today
announced a series of new enhancements within the NetSuite
solution. The latest enhancements include new industry cloud
solutions that help customers achieve the benefits of the cloud in
as little as 45 days and more than 65 new and updated features for
customers to core business management capabilities within
NetSuite.
"Running a growing business can be overwhelming without the
right levels of visibility and control," said Evan Goldberg, EVP, Oracle NetSuite. "Our goal
is to help our customers focus on what matters and unlock new
opportunities by giving them the solutions needed to be agile and
adapt to changing business dynamics. The latest updates to NetSuite
build on that goal and our commitment to delivering customers in
all industries a roadmap for success."
Key updates to NetSuite include new financial, analytics, HR,
supply chain, nonprofit, project management and commerce
capabilities. The new capabilities help organizations streamline
business operations, improve decision making, enhance the employee
experience and help nonprofit organizations easily track
resources.
- Analytics: Enhancements to SuiteAnalytics querying,
pivoting, and charting plus 17 new pre-built Industry & Role
SuiteAnalytics Workbooks make it easier than ever for customers to
gain visibility into key business metrics by providing insights
into commerce search results as well as procurement, inventory and
supply chain processes.
- Supply Chain: Predictive risks have been added to the
Supply Chain Control Tower. This enables planners, buyers and
operation users to increase on time delivery and optimize supply
chain efficiency by being proactively alerted to potential supply
chain issues and being prescribed potential actions to avoid the
problems in the first place. This is built on the Intelligent Suite
Machine Learning and AI platform.
- Distribution: New warehouse management system (WMS)
features give customers more control when allocating current and
future inventory across the business by optimizing product
allocation. In addition, a new order release capability provides
better control of what is released to the warehouse, and a new
mobile app improves operational efficiency.
- Advanced Project Budgets: New project budgeting
capabilities enable customers to make more informed decisions by
providing a single view into all aspects of project budgeting,
including the ability to create multiple versions of the budget
plan.
- Commerce: New features enable customers to streamline
operations by using merchandise attributes such as color, size and
pattern to quickly and easily access sales and inventory insights.
In addition, Personalized Catalog Views help merchants personalize
the customer experience by providing selective access to catalog
items based on user preference.
- Nonprofit: The new program outcomes feature allows
nonprofit organizations to monitor the health and measure the
outcome of their key programs, ensuring that they are staying true
to their objectives and show donors the effectiveness of their
funding.
- HR: New capabilities within SuitePeople help customers
enhance the employee experience, gain deeper visibility into HR
processes and empower HR teams. The new capabilities include an
employee timeline to easily view key milestones, an improved
payroll experience for administrators and employees, and new HR
dashboard capabilities.
- Financials: New advanced banking data import features
help customers reduce manual and time-consuming tasks associated
with bank or credit reconciliation. In addition, new
multi-subsidiary management and accounting capabilities help
finance teams streamline the management of intercompany business
processes.
To help customers achieve the benefits of the cloud in as little
as 45 days, NetSuite continues to accelerate its investment in
SuiteSuccess. SuiteSuccess is a pre-configured industry cloud
solution, built on industry-leading practices, that combines deep
domain knowledge with pre-built workflows, KPIs and dashboards. The
latest additions to SuiteSuccess include expanded vertical
capabilities across more than 10 industries.
- SuiteSuccess for Restaurant
& Hospitality: New innovations around menu
technology, supply chain and customer experience increase
transparency and operational efficiencies. Organizations benefit
from a unified hospitality management software platform that
combines financials, inventory management, procurement, multiple
location/franchise management and point of sale integration with
Oracle MICROS.
- SuiteSuccess for Planning & Budgeting:
Is now available for customers in seven industries and includes new
data modelling capabilities that enhance company-wide and
departmental planning. Customers in the software, agency, social
impact, services, retail and wholesale distribution can now take
advantage of SuiteSuccess for Planning & Budgeting to
facilitate real-time decision-making, gain instant visibility
into forecasting subscription and non-subscription revenue
performance.
- SuiteSuccess for Food & Beverage: New
forecasting, supply chain planning, co-packer visibility, shop
floor scheduling and work order management enhancements
give food and beverage organizations a real-time view
into the health of their organization.
- SuiteSuccess for SuitePeople: New pre-configured
roles, dashboards and forms help customers streamline the
management of employee records and improve strategic decision
making around employee job insights and efficiency. In addition,
payroll management enhancements help customers make informed
budgeting decisions within their workforce.
About Oracle NetSuite
For more than 20 years, Oracle
NetSuite has helped organizations grow, scale and adapt to change.
NetSuite provides a suite of cloud-based applications, which
includes financials / Enterprise Resource Planning (ERP), HR,
professional services automation and omnichannel commerce, used by
more than 18,000 customers in 203 countries and dependent
territories.
For more information, please
visit http://www.netsuite.com.
Follow NetSuite's Cloud blog, Facebook page
and @NetSuite Twitter handle for real-time updates.
About Oracle
The Oracle Cloud offers a complete suite
of integrated applications for Sales, Service, Marketing, Human
Resources, Finance, Supply Chain and Manufacturing, plus Highly
Automated and Secure Generation 2 Infrastructure featuring the
Oracle Autonomous Database. For more information about Oracle
(NYSE: ORCL), please visit us at www.oracle.com.
Trademarks
Oracle and Java are registered trademarks
of Oracle and/or its affiliates. Other names may be trademarks of
their respective owners.
Future Product Disclaimer
The preceding is intended to
outline our general product direction. It is intended for
information purposes only, and may not be incorporated into any
contract. It is not a commitment to deliver any material, code or
functionality, and should not be relied upon in making purchasing
decisions. The development, release, timing and pricing of any
features or functionality described for Oracle's products may
change and remains at the sole discretion of Oracle
Corporation.
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SOURCE Oracle NetSuite